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Monsoon in second supplier terms review

Monsoon is reviewing its supplier terms for the second time in four months, despite ‘reasonable’ Christmas trading.

Monsoon managing director Matt Hudson told Drapers: “We’ve looked at all our suppliers and are currently in negotiations with them over new supplier terms.”

Hudson declined to comment on reports from The Times newspaper today that Monsoon had written to suppliers asking for a 5% reduction because of the slump in the pound.

On the Christmas trading period, Hudson added: “We faired reasonably well in the current climate.”

Last October, Hudson told Drapers that Monsoon was trialling a pilot scheme to pay suppliers earlier than its agreed 60-day payment terms in return for discounts.

Readers' comments (3)

  • Very concerned about Monsoon asking for 5% discount due to the slump of the £Sterling!!!
    I should be the other way round:
    What about the EU producers (Spain. Portugal, Italy etc.) invoicing in £Sterling to the UK market,- they will need approx. 10% to maintain the original margin on the prices they have agreed on orders on for S/S09 deliveries.

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  • Most of these retailers expanded their business on a mountain of debt and by squeezing their suppliers and moved to the far-east to buy cheap goods to sell on massive, indecent margins. Now that their debts have been called in and the game is up they are trying to cover their mismaggment by squeezing suppliers and sacking staff. Why don’t they try shutting some of their shops or better still asking the landlord for rent reduction?

    Unsuitable or offensive? Report this comment

  • Most of these retailers expanded their business on a mountain of debt and by squeezing their suppliers and moved to the far-east to buy cheap goods to sell on massive, indecent margins. Now that their debts have been called in and the game is up they are trying to cover their mismaggment by squeezing suppliers and sacking staff. Why don’t they try shutting some of their shops or better still asking the landlord for rent reduction?

    Unsuitable or offensive? Report this comment

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